Crypto trade Binance simply unveiled the second digital asset that will likely be supported on its new token launch platform.
In April, the crypto titan launched Binance Megadrop, a platform with airdrops and Web3 quests that provides customers early entry to property that aren’t but listed on its trade.
The primary crypto challenge on the token launch platform is the native Bitcoin (BTC) restaking chain BounceBit.
In a brand new assertion, Binance says Megadrop will now function the asset of open-source liquidity protocol Lista (LISTA).
Lista says it allows customers to earn yields on collateralized crypto property similar to BNB and stablecoins and borrow the challenge’s Lista USD (lisUSD), a brand new kind of asset often known as “destablecoin” that makes use of decentralized and liquid-staked crypto property as collateral solely.
Lista’s destablecoin just isn’t designed to attain absolute worth stability with fiat currencies, but it surely’s additionally not presupposed to be a totally risky asset.
“The intent behind Lista DAO is to suggest an answer to the capital effectivity drawback of overcollateralized stablecoins expertise by permitting customers to leverage their funds with a collateral debt place (CDP).”
Lista says it’s native to the BNB Chain ecosystem but it surely has plans to increase to a number of chains.
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